Sunday 26 October 2014
 
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Settlement

Ahab agrees terms with debt restructuring committee

Ahmad Hamad Algosaibi & Brothers (AHAB) has agreed terms of engagement with the steering committee established to facilitate settlement discussions and negotiations with an overwhelming number of financial institutions with claims against th

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Bank of America agrees $16.65bn settlement

Bank of America Corp has reached a $16.65 billion settlement with US regulators to settle charges that it misled investors into buying troubled mortgage-backed securities. The settlement announced on Thursday by the US Department

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F1 boss agrees to $100m settlement

A German court on Tuesday halted a bribery trial against Bernie Ecclestone in exchange for his paying a $100 million fee, under the terms of a settlement agreed by prosecutors and the chief executive of Formula One. Such an agreem

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J&J to pay $2.2bn to end US drug probes

In one of the largest health care fraud settlements in US history, Johnson & Johnson will pay $2.2 billion to end civil and criminal investigations into kickbacks to pharmacists and the marketing of pharmaceuticals for off-label uses, US Att

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HSBC $1.92bn money-laundering payoff approved

A federal judge has approved HSBC Holdings record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.

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HSBC $1.92bn money-laundering payoff approved

A federal judge has approved HSBC Holdings record $1.92 billion settlement with federal and state investigators of charges that it flouted rules designed to stop money laundering and thwart transactions with countries under US sanctions.

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Ranbaxy pleads guilty, to pay $500m settlement

Indian generic drugmaker Ranbaxy Laboratories pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the US Department of Justice.

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Bahrain centre resolves 24 trade disputes

An international arbitration centre based in Bahrain resolved around 24 cases with a combined value of BD79 million ($208.4 million) last year, a report said. It brings the total number of claims handled by the Bahrain Chamber for

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RBS 'close to $564m Libor settlement'

  Royal Bank of Scotland is braced for a penalty of more than 350 million pounds ($564 million) for its role in a global interest rate rigging scandal, the Sunday Times newspaper reported, without citing sources. &nb

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Bank of America pays $2.4bn to settle Merrill claims

Bank of America Corp has agreed to pay $2.43 billion to settle claims it hid crucial information from shareholders when it bought investment bank Merrill Lynch & Co at the height of the financial crisis. The settlement, among

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